Monday, September 6, 2010
Working Towards Financial Stability For The Benefit Of The People
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Exchange Rates
(in Afl.)
Current as of:
| Currency | Sell |
|---|---|
| ANG (per 100) | 100.20 |
| USD | 1.80 |
| CAD | 1.74 |
| CHF (per 100) | 176.72 |
| GBP | 2.78 |
| EUR (per 100) | 231.60 |
Supervision - Credit Institutions
Prudential supervision of credit institutions aims primarily at maintaining the stability and integrity of the financial system and safeguarding the interests of the deposit holders. In this respect, the State Ordinance on the Supervision of the Credit System (SOSCS), which was enacted on May 15, 1998, provides the Bank with a solid legal basis for supervising credit institutions.
Credit institutions need a license from the Bank before they can start their activities. Reference is made to the Bank's admission policy for credit institutions. Licensed institutions have to comply continuously with the Bank's directives and policy papers for credit institutions (see also Directive on Customer Due Diligence for banks).